INDIAN BANK THRU OFFICER vs THE TEHSILDAR AND ORS — WP/6136/2026
Case under Securitisation & Reconstruction of Finiancial Assets Act Section NA. Disposed: Contested--Disposed Off on 11th June 2026.
CNR: HCBM010218722026
Filing Number
WP/12756/2026
Filing Date
28-04-2026
Registration No
WP/6136/2026
Registration Date
30-04-2026
Judge
HON'BLE SHRI JUSTICE MANISH PITALE , HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT
Coram
HON'BLE SHRI JUSTICE MANISH PITALE , HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT
Bench Type
Division
Category
MERCANTILE LAWS COMMERCIAL TRANSACTIONS , BANKS ( 28 )
Sub-Category
MATTERS RELATING TO SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS ( 10 )
Judicial Branch
Civil
Decision Date
11th June 2026
Nature of Disposal
Contested--Disposed Off
Acts & Sections
Petitioner(s)
INDIAN BANK THRU OFFICER
Adv. VAISHALI BHILARE
Respondent(s)
THE TEHSILDAR AND ORS
THE DEPUTY COMMISSIONER OF POLICE
THE POLICE INSPECTOR
BALASAHEB SHINDE
JAGDISH PATIL
Hearing History
Judge: HON'BLE SHRI JUSTICE MANISH PITALE , HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT
FRESH ADMISSION
FOR COMPLIANCE
| Date | Purpose |
|---|---|
| 05-05-2026 | FRESH ADMISSION |
| 11-06-2026 | FOR COMPLIANCE |
Orders
Summary: The Bombay High Court found that Indian Bank failed to disclose pending proceedings before the Debt Recovery Tribunal (a securitization application and stay application by borrower Crystal Cold Storage) when seeking a May 5, 2026 order for asset possession. The Court held that DRT-1 Mumbai must decide the stay application on its merits independently and uninfluenced by the High Court's possession order, to be heard urgently on May 12, 2026, ensuring the borrower is not prejudiced by non-disclosure. This case analysis is maintained by casestatus.in based on publicly available court records.
Summary: The Bombay High Court found that Indian Bank failed to disclose pending proceedings before the Debt Recovery Tribunal (a securitization application and stay application by borrower Crystal Cold Storage) when seeking a May 5, 2026 order for asset possession. The Court held that DRT-1 Mumbai must decide the stay application on its merits independently and uninfluenced by the High Court's possession order, to be heard urgently on May 12, 2026, ensuring the borrower is not prejudiced by non-disclosure. This case analysis is maintained by casestatus.in based on publicly available court records.
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